What's all this talk about giving a lottery ticket to Angus?
Remember Cuadrilla only sold 25% of their interest in Balcombe. Likely reason is because they are focusing all resources in PNR and don't have capacity to test 2 drill sites at once.
Angus are absorbing all the operating costs. This deal was good because you have someone working on a potential asset instead of that asset being idle.
Ann: AJ Lucas statement, page-34
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